Open Text Announces BI Plan Following Hummingbird Acquisition

Oct 20, 2006

Open Text Corporation, an independent provider of Enterprise Content Management (ECM) software, has announced its plans to integrate the newly acquired operations of Hummingbird. Open Text is organizing its product and solutions expertise into groups focused on key vertical segments, including legal, financial services, energy, pharmaceuticals, retail, manufacturing, and media and entertainment. RedDot Solutions will be maintained as part of the company's WCM strategy and the Hummingbird Connectivity unit will continue to operate as a distinct brand. As part of the integration, Open Text said that it is reducing worldwide employment by approximately 15% of a combined workforce of 3,500 people.